Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday. Two-thirds of the 347 respondents to the survey – carried out in response to the outbreak …
Sony Corp. said on Tuesday it will turn its listed financial arm, Sony Financial Holdings Inc, into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion). The deal will allow the Japanese electronics and …
The biggest cyclonic storm over the Bay of Bengal in about two decades may likely weaken as it hits coasts of India and Bangladesh late on Wednesday, with authorities making preparations to evacuate more than 5 million people to safer …
A poultry producer is temporarily closing a North Carolina plant for cleaning amid the COVID-19 outbreak. Tyson Foods spokesman Derek Burleson said in an email one of two fresh meat plants at its Wilkesboro complex was closed from Thursday to …
At least seven homes were lost in a brush fire in southwest Florida, and many of the victims say they escaped with nothing more than the clothes on their backs. The 8,663-acre wildfire fire in Collier County continued to burn …
Insurance Office of America has added Theo Goodwell as a commercial property/casualty insurance producer in its San Diego, Calif., office. His focus will be on select commercial business accounts. Goodwell was previously a broker at Snapp & Associates Insurance Services …
In the wake of government orders shutting down or seriously limiting the operations of businesses to deal with the COVID-19 outbreak, many affected businesses have turned to their insurers for coverage. This has led to a flurry of lawsuits across …
U.S. employers have cooled to the idea of testing workers for possible immunity to the coronavirus as they prepare to reopen factories and other workplaces. Blood tests that check for antibodies to the new coronavirus have been touted by governments …
The U.S. Department of Labor last Thursday issued its first workplace guidance to nursing homes since the COVID-19 pandemic swept the country and ravaged care facilities, saying residents, staff and visitors should keep 6 feet (1.83 meters) apart. The alert …
Amazon’s French warehouses are set to reopen on Tuesday with about 30% of employees, three union officials said, ending a month-long dispute over whether the e-commerce giant was doing enough to protect workers from the coronavirus pandemic. The U.S. retailer’s …
